Gayle Hayashi, MD, opens a medical clinic. During her first month of operation, January, the clinic,...

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Gayle Hayashi, MD, opens a medical clinic. During her first month of operation, January, the clinic, named Hayashi Medical Clinic, experienced the following events: Hayashi invested $250,000 in the clinic by opening a bank account in the name of Hayashi Medical Clinic. Hayashi Medical Clinic paid cash for land costing $150,000. There are plans to build a clinic on the land. Until then, the business will rent an office. Jan 6 9 The clinic purchased medical supplies for $10,000 on account. On January 15, Hayashi Medical Clinic officially opened for business. 12 15 During the rest of the month, the clinic earned professional fees of $20,000 and received cash immediately. 15- 31 15- The clinic paid cash expenses: employee salaries, $5,000; office rent, $4,000; utilities, $500. 31 28 The clinic sold supplies to another clinic at cost for $1,000. The clinic paid $4,000 on the account from January 12. 31 Analyze the effects of these events on the accounting equation of Hayashi Medical Clinic. Use a table format with headings for Cash; Medical Supplies; Land; Accounts Payable; Gayle Hayashi, Capital; Service Revenue; Rent Expense; Salaries Expense; and Utilities Expense. See below, you are to complete the table on the next page. On the blank lines below Assets, Liabilities, and Owner's Equity, you will type in the correct account. The last line of this table will be the final total for each account. You must then total them up to get your Assets total and your Total Liabilities/OE total Hayashi Medical Clinic Analysis of Transactions Assets =Liabilities + Owner's Equity Date Jan. Bal. Bl. Bal Bal. Gayle Hayashi, MD, opens a medical clinic. During her first month of operation, January, the clinic, named Hayashi Medical Clinic, experienced the following events: Hayashi invested $250,000 in the clinic by opening a bank account in the name of Hayashi Medical Clinic. Hayashi Medical Clinic paid cash for land costing $150,000. There are plans to build a clinic on the land. Until then, the business will rent an office. Jan 6 9 The clinic purchased medical supplies for $10,000 on account. On January 15, Hayashi Medical Clinic officially opened for business. 12 15 During the rest of the month, the clinic earned professional fees of $20,000 and received cash immediately. 15- 31 15- The clinic paid cash expenses: employee salaries, $5,000; office rent, $4,000; utilities, $500. 31 28 The clinic sold supplies to another clinic at cost for $1,000. The clinic paid $4,000 on the account from January 12. 31 Analyze the effects of these events on the accounting equation of Hayashi Medical Clinic. Use a table format with headings for Cash; Medical Supplies; Land; Accounts Payable; Gayle Hayashi, Capital; Service Revenue; Rent Expense; Salaries Expense; and Utilities Expense. See below, you are to complete the table on the next page. On the blank lines below Assets, Liabilities, and Owner's Equity, you will type in the correct account. The last line of this table will be the final total for each account. You must then total them up to get your Assets total and your Total Liabilities/OE total Hayashi Medical Clinic Analysis of Transactions Assets =Liabilities + Owner's Equity Date Jan. Bal. Bl. Bal Bal.

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Hayashi Medical Clinic Liabilities Owners Equity Assets Medical Supplies Accts Sa... View the full answer